Question: Please help me solve and understand this question: what is the total of Non Current Assets? The following nancial statements were prepared at the end

Please help me solve and understand this question: what is the total of Non Current Assets?

Please help me solve and understand thisPlease help me solve and understand this
The following nancial statements were prepared at the end ofthe month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May Revenue $2J548 Expenses: Rent Expense $588 Advertising Expense $588 Wages Expense $288 $1J288 Net Income $1J348 TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY Owner's Equity at May 1 $ 8 plus: Investment 2,888 plus: Net Income 1,348 less: Withdrawals 8 Owner's Equity at May 31 $3,348 [ TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 ASSETS Current Assets: Cash $1,388 Accounts Receivable $1,588 Prepaid Rent $ 588 Prepaid Advertising $ 588 Supplies $ 188 $3J988 Equipment $ 368 Total Assets $4J348 LIABILITES AND OWNER'S EQUITY Current Liabilities: Accounts Payable $ 388 Advertising Payable $ 588 Advances from Customers $ 288 Owner's Equity $3,348 Total Liabilities 3 8E $4,348 During June the following transactions occurred: 1) Paid the helper the $200 owed from works done in May (the amount owed is in Accounts Payable). 2) Completed the job for which the customer paid $200 in May. Tops in Topiary collected $1,000 in cash once finished. 3) Paid $500 for the rent of July. 4) At the end of June notices that there are no supplies left. Makes a note to buy some in July. 5) At the end of June notices that there are few flyers left (used for advertising) worth $100 and decides to order some for July. Before ordering, the printer (supplier of flyers) asks to be paid $500 of the amount owed for the flyers done in May. Tops in Topiary pays $500. 6) In June collected in cash $3,000 for 3 jobs are done for a total of $4,200, the rest is owed in account by the customers. 7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years. 8) In June 23 d Edward Scissorhands withdrew some cash for personal reasons ($3,000). Prepare "T" Accounts in ACCRUAL Basis for the period ended on June 30'll and then answer the question. At the end of the accounting period (June 30, T account after AJE), what is the total of Non Current Assets

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